Inventory,Pricing and Demand in Southern Maine
Posted May 31, 2007 @ 11:07 am, Viewed by 262 Visitors, Read 264 Times.
Statistics for April show the continued trends of rising inventories yet increasing prices, a quandary for traditional Supply/Demand economics. Prices were up in 3 out of the 4 counties followed with a 6.7% increase in Cumberland. The number of properties sold increased in Lincoln and York, remained flat in Sagadahoc but saw a strong decline in Cumberland partially attributed to the Portland younger buyer’s inability to secure loans due to increasingly stringent lending practices for higher risk financing. A general sense of “blah” seems to have clouded the markets in April, yet investor and consumer sentiment seem to point toward improving market conditions for late spring.
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